STATE FINAL DEMAND
State final demand is the estimate obtained by summing government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government.
In March quarter 2010, the trend estimate for Victorian final demand, in volume terms, was $75,585 million, an increase of 1.2% from December quarter 2009. This was the same as the trend growth for Australian domestic final demand (1.2%) and below New South Wales (1.4%) over the same period.
Household final consumption expenditure is the largest component of state final demand, and accounted for 55.3% of the trend volume estimate of state final demand in March quarter 2010. The trend volume estimate of household final consumption expenditure increased by 0.3% from the previous quarter. The other main contributors to trend state final demand in March quarter 2010 were private gross fixed capital formation (23.9%) and government final consumption expenditure (16.2%).
View underlying data as an Excel spreadsheet: Download State final demand, Victoria, Chain volume measures: Seasonally adjusted and trend and State final demand, Victoria, Original from the Downloads Page.
State final demand,
Chain volume measures:
Change from previous quarter